RPM International (NYSE:RPM) Hits New 52-Week High at $120.64

RPM International Inc. (NYSE:RPM)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $120.64 and last traded at $120.35, with a volume of 7376 shares trading hands. The stock had previously closed at $120.18.

Analyst Ratings Changes

A number of brokerages have commented on RPM. UBS Group raised their price objective on RPM International from $111.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. BMO Capital Markets boosted their price objective on shares of RPM International from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Finally, Mizuho began coverage on RPM International in a research report on Friday, January 12th. They set a “buy” rating and a $128.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.80.

RPM International Stock Performance

The firm’s 50 day moving average price is $112.00 and its 200-day moving average price is $104.89. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.33 and a quick ratio of 1.45.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. RPM International had a return on equity of 26.71% and a net margin of 7.15%. RPM International’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. On average, analysts anticipate that RPM International Inc. will post 4.96 earnings per share for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, January 18th. RPM International’s payout ratio is 45.10%.

Insider Buying and Selling

In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the transaction, the vice president now directly owns 23,451 shares in the company, valued at $2,570,933.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Timothy R. Kinser sold 2,380 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total value of $254,660.00. Following the completion of the transaction, the vice president now owns 20,767 shares in the company, valued at approximately $2,222,069. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the completion of the transaction, the vice president now owns 23,451 shares in the company, valued at $2,570,933.13. The disclosure for this sale can be found here. Insiders sold 10,215 shares of company stock worth $1,112,547 in the last 90 days. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On RPM International

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in RPM International in the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its position in shares of RPM International by 1,735.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 486 shares in the last quarter. Covestor Ltd lifted its holdings in RPM International by 274.8% during the third quarter. Covestor Ltd now owns 566 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in RPM International in the first quarter valued at about $56,000. Finally, GAMMA Investing LLC bought a new position in shares of RPM International during the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.